Ownership of a company interested in foreign labor cooperation will not be a problem in getting application for this business. The regulation on the license of foreign labor cooperation to be effective next month makes it very clear that eligible companies of any ownership, including private owned and foreign funded ones, are all allowed to put forward applications for the business.

The regulation has three changes compared with the existing rules governing foreign labor cooperation business. First, foreign labor cooperation and foreign contract projects are under separate management. Contractors undertaking foreign projects are entitled to assign labor workers needed for their overseas projects.

Second, state-owned shares as the holding stakes in a company is no longer necessary. Enterprises are not classified into several categories. All the applicants, no matter what ownership they have, are subject to unified criteria. Thirdly, job recruitment intermediaries funded by foreign investors or as Sino-foreign joint ventures under the approval are allowed to apply for the permit of doing the business of foreign labor cooperation.

By People's Daily Online